Costco to Open in Australia
Bellevue, Wash. Costco plans to open its first store in Australia in 2009.
At its annual shareholders meeting in Bellevue, Wash., on Jan. 29, Costco chairman of the board Jeffrey Brotman said the company plans to “open in Australia sometime next year,” when asked about the chain’s plans for international expansion.
Costco executive VP and CFO Richard Galanti later confirmed that Costco is searching for sites in Sydney, Brisbane and Melbourne.
During his presentation, CEO Jim Sinegal said Costco increased the number of stores powered by solar energy to 13 and that the company is considering solar panels for 25 more locations.
Sinegal also confirmed the 531-store chain plans to open 29 new locations this year and estimates Costco could eventually open 1,025 stores worldwide with more than 700 warehouses in the United States.
Imperial Sugar names new ceo
SUGAR LAND, Texas Imperial Sugar today confirmed the appointment of John Sheptor as president and ceo and elected him to its board of directors, replacing Robert Peiser in each of these capacities.
Sheptor joined Imperial as evp and coo in February 2007 and has been responsible for all operations, logistics, sales, marketing, customer service and commodities management areas that support Imperial’s evolving go-to-market strategies. Prior to joining Imperial, he held the position of project director from 2005 to 2007 for the supply chain management system initiative funded under President Bush’s Emergency Plan for HIV/AIDS Relief in Washington, DC.
Imperial’s chairman of the board James Gaffney said, “Speaking for our entire board, we look forward to building on past accomplishments with John as our new chief executive. We all think that his talents, experience and vision, which include significant international activities, a focus on R&D and an extensive operations background, are very consistent with the current needs of the company.”
Wal-Mart manages global supply risk
AUSTIN, Texas Wal-Mart has selected Strategic Forecasting to assess and rank security risk for countries in its global supply chain. According to the company, Wal-Mart is now requiring its supplier’s to use Strategic Forecasting’s Supply Risk Monitoring service.
Under the agreement Strategic Forecasting will provide Wal-Mart with a comprehensive supply chain security risk monitoring service whereby countries within Wal-Mart’s supply chain are ranked as high, medium or low for risks associated with the supply chain infrastructure. Using a unique analytical methodology the service will monitor and evaluate countries based on risks from terrorism, insurrection, crime, the political and regulatory environment, natural disasters, as well as several other factors related to supply chain infrastructure to produce a quantifiable measure of the actual risk to a nation’s supply chain.
George Friedman, founder and ceo of Strategic Forecasting said that “Working with Wal-Mart is a great honor and responsibility for Stratfor. We believe our supply risk monitor tool will enable Wal-Mart to better evaluate the security risk levels of countries it deals with in its supply chain.”